Karur Vysya Bank Personal Loan - http://www.loansandcredits.in/karur-vysya-bank-personal-loan/
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Apply Personal Loan

Apply Personal Loan :- Loan amount from Rs.1 lakh up to Rs.20 lakhs Convenient loan repayment option of 12 to 60 months No security or collateral required to avail this loan Simplified and quick documentation Attractive interest rates Hassle-free loan sanction and disbursal procedure[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/2"][contact-form-7 id="3299" title="PL-loansandcredits.in"][/vc_column][vc_column width="1/2"][vc_column_text]

 

Karur Vysya Bank Personal Loan

Our KVB – Personal Loan (Secured/ Unsecured) is so designed to cater your daily personal needs and to meet out unforeseen exigencies.

 

Features

• The loan is available for salaried employees of PSUs/ Reputed Institutions, Self employed individuals, All other individuals who provide full securities by covering the loan amount with NSCs, KVPs, IVP, RBI bonds, LIC policies, Bank deposits etc.


• The loan is granted for personal purposes


• A guarantor for a secured loan is not insisted upon. However, in case of salaried Individuals for an unsecured loan a colleague drawing the same salary should be used as a guarantor.

Margin

NA

Maximum Repayment Tenor

36 Months -EMI

SCHEME

Personal loan

- Secured
- Unsecured

ROI (floating) p.a.

One-year MCLR + 3.85%
One-year MCLR + 6.35%

Primary security

Demand Promissory note

Collateral security

NSC/KVP/LIC Policies, Bank Deposits, Land & Building etc.,, subject to the satisfaction of the bank.

Guarantee

A suitable Guarantor with sufficient net worth , acceptable to the Bank (preferably spouse or family members or friends)

Processing charges

0.40% of the loan amount

Other Terms & Conditions

• The Net Take Home pay after deducting the proposed Loan Installments shall be at least 25% of gross pay.


• Salary certificate is must to establish repayment capacity.


• For Self Employed Individuals, IT returns to ensure income and repayment capacity.


• Branches shall verify credit worthiness, integrity, local standing and repayment capacity of the borrower before entertaining the proposals under the Scheme


• An undertaking from the employer to deduct loan installments and interest from the salary of the borrower in case of salaried employees shall be insisted on.

 

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Loan EMI Calculator

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